Large Donations to Nonprofits after Recession's Downturn

credit: From Wikipedia

Gifts of $1 million and more to nonprofits jumped from $3.6 billion in 2010 to $5.4 billion last year, according to the Chronicle of Philanthropy, which compiled the data.

In another sign that mega-philanthropy is recovering from the economic downturn, the chronicle found that the number of people making donations of more than $100 million also rose. Philanthropists in that rarefied world climbed from six in 2010 to 10 in 2011.

The year's biggest winner? The new Crystal Bridges Museum of American Art, founded by Alice Walton, daughter of Wal-Mart founder Sam Walton and one of the world's richest women. It received an $800 million endowment from -- no surprise -- the Walton Family Foundation.

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